You can help your agent get the best price for your house by actively participating in the sale process. Conduct research to find out the sales prices within your local area, look at comparable properties for sale and go to auctions. Identify the unique characteristics of your property and know what you can do to boost its value. But the most important thing is look for a real estate agent that you are comfortable with and who understands your needs.
You will also need a legal advisor to guide you through the conveyancing process. Conveyancing is the legal process of drawing up your contract for sale and mortgage and managing the settlement of the property. A solicitor or a licensed conveyancer can undertake this task.
You can benefit from hiring a legal advisor from the beginning as they can check out your real estate agent’s contract, as well as give vital information about the condition of your property by arranging for building inspections, valuations and survey reports.
Tips to Find a Reputable Real Estate Agent
Your real estate will impact all selling stages because they will manage the entire sales process:
Firstly, your agent will help you determine the market value of your house, recommend prices for it and advise you whether you should sell privately or go the auction route.
Next, an advertising and marketing plan will be launched. Your agent will handle inspections and buyer enquiries and make use of their own buyer network.
Lastly, your agent will manage sales negotiations and handle the completion of the sale and settlement.
Take into account their sales history and selling technique when hiring a real estate agent. Ask these questions:
- Are they knowledgeable about the local area and have a solid sales record?
- How much are they charging for fees and commissions? And what do you get for those fees. Remember to compare 'apples with apples'.
- What selling strategy and advertising plan have they proposed for your property?
- What is the cost of promoting your property?
- Do you think you can establish a good relationship with the agent?
It is recommended that you meet with several agents before signing an agency contract. Within this contract are items such as whether it is an exclusive contract or whether you are allowed to sign with other agencies, the extent of their authority, and the fee and commission arrangement.
Tips to Find a Good Conveyancer
The conveyancing process, which will be undertaken by your licensed conveyancer or legal representative, can include:
- Performing property and title searches to determine who the legal owners are
- Arranging for home inspections, valuations and survey reports
- Checking the contract for sale and making the client aware of the conditions
- Overseeing the exchange of contract for sale and being present at Settlement Day
- Coming up with utility and tax obligation computations at settlement
- Studying mortgage contracts
- Managing the handover of title on the property
Make sure your conveyancer or legal representative has professional indemnity insurance, as it will cover you in case they commit a mistake. Aside from examining your potential legal representative’s qualifications and credentials, also look at their fee structure and how active they will be involved in the process.
A fixed conveyancing fee is usually charged by firms. Make sure you know what services are included in the quote so you don’t get any surprises in the future. If not, examine an itemised fee structure diligently and calculate your anticipated conveyancing needs. Lastly, find out if there are consequences if your home sale does not succeed.
And finally, when in doubt 'Ask Annette, She's the Key' and she's known as the Newcastle Real Estate Agent who enables you to turn the key to where you want to be.